Piedmont Capital Surges at the End of October
Piedmont Capital closed the month of October with a surge of completed transactions, closing over $11,000,000 in loans during the last week alone.
- San Francisco, CA (1888PressRelease) November 05, 2011 - A number of these loans were utilized to raise capital, allowing our clients to purchase new investment properties and improve their existing portfolios while taking advantage of historically low interest rates.
In one highlight, our team secured financing for the purchase of a 14 unit multi-family complex in Redwood City, California. Piedmont Capital secured financing at a lower-than-market rate of 4.375%, fixed for five years and amortized over 30 years. Nils Ratnathicam, Vice President of Piedmont Capital, arranged the $1,950,000 loan. The buyer was represented by Taylor Flynn of Marcus & Millichap, while Jamie D'Alessandro and Matthew Thomson from Cassidy Turley BT Commercial represented the seller.
Nils Ratnathicam, Vice President of Piedmont Capital, adds, "As a firm, our volume is up 134% from this time last year and I expect this sharp upward trend to continue in 2012. This growth can be partially attributed to a favorable lending market, though the key has been our ability to deliver more attractive terms than our competition by reacting to market changes as they happen and not after they happen. The challenge in this market, and one of our core strengths, is keeping up with lender requirements that often times change from one transaction to the next."
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